Global Aliphatic Hydrocarbon Solvents & Thinners Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

N-hexane and N-heptane.

By Application;

Paints & Coatings, Cleaning, Degreasing, Aerosols & Disinfects Carrier and Rubber & Oil Extraction.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn128798837 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Aliphatic Hydrocarbon Solvents & Thinners Market (USD Million), 2021 - 2031

In the year 2024, the Global Aliphatic Hydrocarbon Solvents & Thinners Market was valued at USD 4,577.78 million. The size of this market is expected to increase to USD 6,271.58 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.6%.

The Global Aliphatic Hydrocarbon Solvents & Thinners Market is a significant segment of the chemicals industry, primarily driven by the increasing demand for these products in various end-use industries such as automotive, construction, and paints & coatings. Aliphatic hydrocarbon solvents and thinners are favored for their effectiveness in dissolving resins, oils, and other substances, making them essential in the formulation of paints, varnishes, and adhesives. Their low toxicity and relatively low environmental impact compared to other solvents contribute to their growing preference in industrial applications.

Regionally, North America and Europe have historically been the largest markets due to the presence of well-established industries and stringent environmental regulations that drive the demand for low-VOC (Volatile Organic Compounds) solvents. However, the Asia-Pacific region is experiencing rapid growth, driven by expanding industrial activities, increasing automotive production, and a growing construction sector. Emerging economies in this region are witnessing a surge in infrastructural development, which in turn boosts the demand for aliphatic hydrocarbon solvents and thinners.

The market is also influenced by technological advancements aimed at improving the efficiency and environmental performance of these products. Innovations in formulations and the development of new types of solvents that offer better performance while reducing environmental impact are expected to drive market growth. Additionally, the increasing focus on sustainability and the adoption of green chemistry principles are leading to the development of eco-friendly alternatives to traditional solvents.

Competitive dynamics in the market are characterized by the presence of numerous players, ranging from large multinational corporations to smaller regional companies. Key players are focusing on expanding their product portfolios, enhancing their distribution networks, and investing in research and development to maintain a competitive edge. Strategic partnerships, mergers, and acquisitions are also common as companies aim to consolidate their market position and leverage synergies to drive growth in this evolving market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Aliphatic Hydrocarbon Solvents & Thinners Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing industrial activities
        2. Growth in paint industry
        3. Rising demand for cleaning products
        4. Expanding automotive sector
        5. Urbanization and infrastructure development
      2. Restraints
        1. Stringent environmental regulations
        2. Volatile raw material prices
        3. Health and safety concerns
        4. Limited availability of alternatives
        5. High production costs
      3. Opportunities
        1. Technological advancements in formulation
        2. Expansion in emerging markets
        3. Rising demand for eco-friendly solutions
        4. Growth in construction industry
        5. Innovations in solvent recycling
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Aliphatic Hydrocarbon Solvents & Thinners Market, By Type, 2021 - 2031 (USD Million)
      1. N-hexane
      2. N-heptane
    2. Global Aliphatic Hydrocarbon Solvents & Thinners Market, By Application, 2021 - 2031 (USD Million)
      1. Paints & Coatings
      2. Cleaning
      3. Degreasing
      4. Aerosols & Disinfects Carrier
      5. Rubber & Oil Extraction
    3. Global Aliphatic Hydrocarbon Solvents & Thinners Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Mitsubishi Shoji Chemical Corporation
      2. Royal Dutch Shell
      3. Calumet specialty Products Partners
      4. SK Global Chemical Co. Ltd
      5. ExxonMobil Chemical
      6. Hi Tech Chemicals
      7. Kandla Energy & Chemicals Limited
      8. Umwelt Chemicals
      9. Merck
  7. Analyst Views
  8. Future Outlook of the Market